FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
FxWirePro :USD/JPY eases slightly, remains on bullish path 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97 
FxWirePro:USD/JPY hovers near a four-decade low 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro: USD/CNY edges higher but bulls lack punch 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro: USD/ZAR retreats slightly but bias is bullish 
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 
JPY Action Bias: Bullish Pairs to Watch Out For 
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral 
Chart - Courtesy Trading View
Spot Analysis:
GBP/CHF was trading 0.39% higher on the day at 1.1881 at around 09:30 GMT
Previous Week's High/ Low: 1.2169/ 1.1794
Previous Session's High/ Low: 1.1869/ 1.1787
Fundamental Overview:
An unexpected move of 50 basis points (bps) rate hike from the Swiss National Bank (SNB) has shocked the FX markets last week.
Investors await the release of the UK Consumer Price Index (CPI), which is due on Wednesday.
UK Office for National Statistics is expected to report the annual CPI at 9.1%, marginally higher than the former figure of 9%. Core CPI is likely to slip to 6% vs. 6.2% reported earlier.
Technical Analysis:
- GBP/CHF is consolidating previous session's slump
- GMMA indicator shows major and minor trend are bearish
- Momentum is bearish and volatility is high
- Morning Star pattern raises scope for some upside
Major Support and Resistance Levels:
Support - 1.1822 (Lower BB), Resistance - 1.1914 (5-DMA)
Summary: GBP/CHF rebounds with Morning Star pattern, however, major technical bias remains bearish.
